280 unit Little Havana/Riverside Development Opportunity

Little Havana Urban Core Development Site. In the east part of the neighborhood lies this amazing 45,000 sf lot assemblage; the T6-8-O portion is 30,000 SF, and the T4-R portion is 15,000 SF. The buildable potential is approximately 450,000 SF/ 562,500 SF under Miami 21 by using optional public benefits, with Live Local this increases to 1,080,000 SF. The total combined Density potential is 115 units with Miami 21 or 701 units under Live Local. With regards to the T4-R portion, developers could either use it as a parking lot to support the live local project on the T6-8-O portion, or they can develop it in accordance with the T4 zoning regulations in Miami21. The site is best served by being entitled through a Live- Local/SB102 process, the height is unlimited subject to MDAD and FAA regulations so ones only limitation on this property will be based on how creative developers handle parking within the building envelope. Possibilities for parking reductions exist, the site meets qualification criteria to further up-zone the T4-R portion via a variance to further increase its buildable potential as well. Feasibility with no waivers and a modest parking reduction of 10-30% put the conservative density between 230-300 units.

Little Havana is a vibrant, and economically booming neighborhood, benefitting from its strategic location adjacent to cosmopolitan Brickell, and centric to all ofMiami’s major employment centers such as Downtown, Coral Gables, the Health District and the airport. The area enjoys great public transportation, walkability, and a rich cultural environment. Proof of concept and success is apparent everywhere one looks, seize the opportunity and contact us for more information.